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What Happens if You Ignore Debt Collectors?

Taurus Collect

MARCH 5, 2024

Creditors may take legal action to recover the debt, which might result in wage garnishment or a lien against your property. Small business owners who are not proactive in addressing collector calls can find themselves in a quagmire. Legal Actions: Ignoring debt collectors can potentially lead to lawsuits.

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What Can I Keep if I File For Chapter 7 Bankruptcy?

Sawin & Shea

SEPTEMBER 27, 2023

If the court grants a judgment in favor of the creditor, they have additional collection options, such as wage garnishment, bank account levies, or placing liens on the debtor’s property. In some cases, debt collectors may take legal action by filing a lawsuit against you to obtain a court judgment.

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